PUBLISHER: Grand View Research | PRODUCT CODE: 1575131
PUBLISHER: Grand View Research | PRODUCT CODE: 1575131
"2030 platinum group metals market value to reach USD 35.14 billion."
The global platinum group metals market size was estimated at USD 30.41 billion in 2023 and is estimated to grow at a CAGR of 4.6% from 2024 to 2030. The market is primarily driven by the rising demand for these metals in automotive catalytic converters and the growing chemical industry.
Palladium, holding the largest market share, plays a critical role in automotive applications, particularly in reducing vehicle emissions, while rhodium is emerging as the fastest-growing segment due to its increasing usage in chemical applications.
Global Platinum Group Metals Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global platinum group metals market report on the basis of metal type, application, and region.